Is anyone using Ribbon or any other cash offer services?

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Rainmaker
1,803,051

Lyn Sims

Schaumburg, IL

Real Estate Broker Retired

Nope, never heard of them.

Jul 07, 2021 05:35 AM

Upvote

4

Steve Higgins

Kelowna, BC
Doug Dawes

Georgetown, MA
Ron and Alexandra Seigel

Carpinteria, CA
Kathleen Daniels, Prob...

San Jose, CA

Rainmaker
921,248

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

With a growning appeal of iBuyers and instant offers, many FRANCHISES have created cash offer services to remain engaged in this trend.
I do not use nor heard of RIBBON, but I do have my own 'cash' resources and it not a scam. What this provides the consumer is CHOICE and it seems NAR and local associations are not CHOICE focused. As we all know a monopoly is not about offering choice. So agents may be well advised to understand what the consumer wants and structure accordingly.
My advice is to attend those investoer seminars to see how non-REAL-A-TORS make this money work on their behalf. There is a tertiary reason for attending the seminar but I'll leave that for your discovery.

Jul 07, 2021 05:24 AM

Upvote

4

Henry Carmona, GRI

San Antonio, TX
Doug Dawes

Georgetown, MA
Ron and Alexandra Seigel

Carpinteria, CA
Kathleen Daniels, Prob...

San Jose, CA

Rainmaker
4,865,548

Wayne Martin

Wayne M Martin - Chicago, IL

Real Estate Broker - Retired

Never heard of it and not interested!

Jul 07, 2021 04:05 AM

Upvote

4

Steve Higgins

Kelowna, BC
Doug Dawes

Georgetown, MA
Ron and Alexandra Seigel

Carpinteria, CA
Kathleen Daniels, Prob...

San Jose, CA

Ambassador
6,041,007

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Is this an actual Cash offer, or the latest scam?

The last real Cash offer I got came in a garbage bag full of cash, no service was required.

Jul 07, 2021 01:16 AM

Upvote

4

Steve Higgins

Kelowna, BC
Doug Dawes

Georgetown, MA
Bob Crane

Stevens Point, WI
Kathleen Daniels, Prob...

San Jose, CA

Ambassador
3,234,846

Kathleen Daniels, Probate & Trust Estate Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate

I am not. This is the first I am hearing of the Ribbon, cash offer service.

Jul 07, 2021 07:53 AM

Upvote

3

Doug Dawes

Georgetown, MA
Ron and Alexandra Seigel

Carpinteria, CA
Kathleen Daniels, Prob...

San Jose, CA

Rainmaker
887,238

Jeff Pearl

RE/MAX Distinctive / LIC in VA - Lovettsville, VA

Full Service Full Time Realtor

No. I see no need for them or anyone like them to be involved.

Jul 07, 2021 05:55 AM

Upvote

3

Doug Dawes

Georgetown, MA
Ron and Alexandra Seigel

Carpinteria, CA
Kathleen Daniels, Prob...

San Jose, CA

Rainer
10,536

Henry Carmona, GRI

San Antonio, TX

Thanks folks, I too had never heard of them before until i read about several realtors using them (and a couple others I can't recall).

From what I understand, these companies provide a way for buyers to improve their standing in a bidding war, by offering to pay CASH for the home. The buyer then has a number of days, usually 120 or so, to close with their original lender.

With regard to Ribbon, they make their money by charging 2%-3% if the buyer cannot close with their original finance company by contract closing date, and charge 1% if they can.

Jul 07, 2021 04:51 PM

Upvote

2

Fred Griffin Florida R...

Tallahassee, FL
Steve Higgins

Kelowna, BC

Rainmaker
5,633,871

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

So many companies are offering cash offers, but have not heard of Ribbon.

Jul 07, 2021 10:24 AM

Upvote

2

Steve Higgins

Kelowna, BC
Doug Dawes

Georgetown, MA

Rainmaker
5,771,198

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Never heard of them! Cash offer services sounds suspicious to me. What is it?

Jul 07, 2021 08:15 AM

Upvote

2

Steve Higgins

Kelowna, BC
Doug Dawes

Georgetown, MA

Rainmaker
767,645

Steve Higgins

RE/MAX Kelowna - Kelowna, BC

I haven't heard of them before now.

Jul 07, 2021 06:50 PM

Upvote

1

Joan Cox

Denver, CO

Rainmaker
1,128,206

Doug Dawes

Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA

Your Personal Realtor®

Hello Henry Carmona, GRI and Welcome

I've never heard of the service you are referencing

Jul 07, 2021 04:42 PM

Upvote

1

Joan Cox

Denver, CO

Rainmaker
1,464,767

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Never heard of them.

Jul 07, 2021 11:24 AM

Upvote

1

Doug Dawes

Georgetown, MA

Ambassador
2,913,347

Wanda Kubat-Nerdin - Wanda Can!

Red Rock Real Estate (435) 632-9374 - St. George, UT

St. George Utah Area Residential Sales Agent

Never heard of the company.

Jul 07, 2021 11:16 AM

Upvote

1

Doug Dawes

Georgetown, MA

Rainmaker
7,401,429

Roy Kelley

Retired - Gaithersburg, MD

Nope.

Jul 07, 2021 07:43 AM

Upvote

1

Doug Dawes

Georgetown, MA

Rainmaker
1,075,128

Peter Mohylsky 850-517-7098

PMI. Destin - Miramar Beach, FL

Call me at 850-517-7098

Welcome back and no. Never heard of them

Jul 07, 2021 04:12 AM

Upvote

1

Doug Dawes

Georgetown, MA

Ambassador
4,881,998

Jeff Dowler, CRS

eXp Realty of California, Inc. - Carlsbad, CA

The Southern California Relocation Dude

Haven't heard of them.

Jul 11, 2021 08:17 PM

Upvote

Rainmaker
2,107,613

Michael J. Perry

KW Elite - Lancaster, PA

Lancaster, PA Relo Specialist

I’m waiting for Sea Shells to make a comeback

Jul 09, 2021 06:32 AM

Upvote

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With a growning appeal of iBuyers and instant offers, many FRANCHISES have created cash offer services to remain engaged in this trend.
I do not use nor heard of RIBBON, but I do have my own 'cash' resources and it not a scam. What this provides the consumer is CHOICE and it seems NAR and local associations are not CHOICE focused. As we all know a monopoly is not about offering choice. So agents may be well advised to understand what the consumer wants and structure accordingly.
My advice is to attend those investoer seminars to see how non-REAL-A-TORS make this money work on their behalf. There is a tertiary reason for attending the seminar but I'll leave that for your discovery.
Is this an actual Cash offer, or the latest scam?

The last real Cash offer I got came in a garbage bag full of cash, no service was required.
I am not. This is the first I am hearing of the Ribbon, cash offer service.
No. I see no need for them or anyone like them to be involved.
Thanks folks, I too had never heard of them before until i read about several realtors using them (and a couple others I can't recall).

From what I understand, these companies provide a way for buyers to improve their standing in a bidding war, by offering to pay CASH for the home. The buyer then has a number of days, usually 120 or so, to close with their original lender.

With regard to Ribbon, they make their money by charging 2%-3% if the buyer cannot close with their original finance company by contract closing date, and charge 1% if they can.
So many companies are offering cash offers, but have not heard of Ribbon.
Never heard of them! Cash offer services sounds suspicious to me. What is it?
Hello Henry Carmona, GRI and Welcome

I've never heard of the service you are referencing